Diane M. Sullivan Sells 6,856 Shares of Caleres, Inc. (NYSE:CAL) Stock

Caleres, Inc. (NYSE:CAL) insider Diane M. Sullivan sold 6,856 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $37.09, for a total transaction of $254,289.04. Following the sale, the insider now owns 254,668 shares in the company, valued at $9,445,636.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Caleres Trading Up 1.5 %

NYSE:CAL traded up $0.55 during mid-day trading on Friday, hitting $36.94. 223,338 shares of the company’s stock were exchanged, compared to its average volume of 399,417. The company has a 50 day simple moving average of $37.74 and a 200-day simple moving average of $32.38. Caleres, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $41.94. The firm has a market capitalization of $1.30 billion, a P/E ratio of 7.63 and a beta of 1.99.

Caleres (NYSE:CAL) last posted its earnings results on Tuesday, March 19th. The textile maker reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. Caleres had a net margin of 6.10% and a return on equity of 29.77%. The business had revenue of $697.10 million for the quarter, compared to the consensus estimate of $694.32 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue was up .1% compared to the same quarter last year. As a group, analysts expect that Caleres, Inc. will post 4.37 earnings per share for the current year.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. Caleres’s dividend payout ratio (DPR) is currently 5.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Caleres during the 3rd quarter valued at $131,000. Assetmark Inc. raised its holdings in Caleres by 8.2% during the third quarter. Assetmark Inc. now owns 5,560 shares of the textile maker’s stock worth $160,000 after buying an additional 423 shares during the last quarter. Quantbot Technologies LP acquired a new position in Caleres during the third quarter worth $168,000. Chevy Chase Trust Holdings LLC acquired a new position in Caleres during the third quarter worth $211,000. Finally, Riverwater Partners LLC acquired a new position in Caleres during the fourth quarter worth $211,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Caleres in a research note on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Piper Sandler raised their price target on shares of Caleres from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, Loop Capital raised their price target on shares of Caleres from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Caleres presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.